US allocates funds 2,400,000,000 to develop the high-valence iron

The American Department of transportation on 28th announced that allocates funds 2,400,000,000 US dollars to 23 state's 54 high-speed railroad items of basic construction. this is the US government second time to the high-valence iron project allocation. These funds will use in constructing aspects and so on railroad and station, purchase passenger transportation equipment.

The US government allocated funds last year to 31 state altogether 82 high-valence iron projects 8,000,000,000 US dollars. Department of transportation altogether receives 132 projects to apply this year, from 32 states, aggregate amount 8,800,000,000 US dollars. Last year altogether had 259 projects to apply, to involve 37 states, aggregate amount nearly 57,000,000,000 US dollars. The US government plans in 25 years to complete the high speed city border railroad passenger transportation network, covers national 80% populations.

President Austria Pama signed the economic resurgence bill last year, set up 8,000,000,000 US dollar high-valence iron project start fund. It is reported that had 30 above domestic and foreign railroad construction related enterprise to hope that participates in the US side high-valence iron project.

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